Triplett Machine Solar Project Phelps, NY | Paradise Energy Solutions

Phelps, NY | 223.74 kW System

Located in Upstate New York, Triplett Machine has been a manufacturer of specialized custom machined parts for companies across the nation since 1984.

But the precision components they produce require running several large pieces of machinery that draw a lot of electricity. As electric prices kept rising, so did operating costs.

Looking for a way to get these costs under control, Triplett Machine President Doug Triplett, Jr. turned to solar energy.

Watch as he explains how his company started saving by installing solar with Paradise Energy Solutions.

Project Details

Financial Impact

Total System Cost

Savings

Total Savings

-$0

Net Cost (after incentive)

Financial impact figures are not available for this project.

Financial Highlights

93% installation cost covered by tax credits & grants
Less than 2 yr. expected time for system payback
17.3% ROI

System Overview

678 solar panels and 2 inverters

223.74 kW System

Projected Production: 228,434 kWh

Environmental Impact

Tons of CO2 Offset / Year:

177.7

Tree Offset / Year:

4,134.7

Barrels of Oil Offset / Year:

374.6

Benefits of Solar for Triplett Machine

Triplett Machine is enjoying numerous benefits from switching to solar.

Attractive state and national incentives allowed Triplett Machine to install their solar system for just 7% of the cost.
Low install costs and high electricity rates in New York means that the system will pay for itself in less than two years, leaving decades of the system’s 30+ year lifespan to produce free electricity.
These substantial electricity savings drop right to the bottom line, allowing them to be reinvested in other areas of the business.
Their system has a measurable impact on the environment and fits in with their other green initiatives.

Testimonial

"The folks are Paradise Energy did a great job with the installation. Very neat, very professional. We hardly knew they were here."

Doug Triplett, Jr.

President of Triplett Machine

Lowering Energy Costs

Triplett Machine uses 54 CNC machine tools to create precision instruments for the space, aerospace, defense, and commercial industries. Those machines require a substantial amount of electricity, which can become a substantial expense for the business.

With electric rates on the rise, getting energy costs under control helps Triplett Machine stay competitive as goods from low-cost countries put pressure on American manufacturers.

The savings generated from their solar system will help boost their bottom line and free up more capital for reinvesting in the business.

“I’m Glad That We Did It. I’m Sorry That We Didn’t Do It Sooner.”

Triplett Machine had been approached by solar installers in the past but was hesitant to pursue it, unsure of solar’s ROI or ability to fit their business model. However, after hearing about solar energy’s benefits from other businesses in the area who had gone solar with Paradise Energy, they gave it a closer look.

Paradise Energy provided a clear outline of the energy and cost savings that solar would bring, along with how the installation process would go. “Everything was pretty clear to us after we really sat down and looked at it that it was a good investment for us,” Doug shares.

They also provided an outline of what the installation process would entail, ensuring that the construction of the system wouldn’t interfere with the manufacturer’s daily business or cause a loss in productivity.

What do you stand to lose by waiting to install a solar system?